← BMO 2024-5C4 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2024-5C4 Mortgage Trust
- Current balance
- $13.3M (September 2026)
- Share of deal
- 1.5%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.22
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2029-03-06
Property and terms
| Property | 55 Borinquen Place |
| Address | 55 Borinquen Place; Brooklyn, NY 11211 |
| Property type | Multifamily |
| Units, beds or keys | 16 |
| Net rentable square feet | not yet reported |
| Year built | 2023 |
| Year last renovated | not yet reported |
| Original balance | $13.3M |
| Current balance | $13.3M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 6.31% |
| Current interest rate | 6.31% |
| Origination date | 02-22-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-03-06 |
| Prepayment lockout end | 11-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $20.5M | 12-06-2023 | MAI |
| Most recent reported | $20.5M | 2023-12-06 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $13.3M | 30-59 days delinquent | 6.31% | not yet reported | not yet reported | not yet reported | $142,147 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $13.3M | Matured balloon, non-performing | 6.31% | not yet reported | not yet reported | not yet reported | $72,238 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $13.3M | Matured balloon, non-performing | 6.31% | not yet reported | not yet reported | not yet reported | $69,908 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $13.3M | 30-59 days delinquent | 6.31% | not yet reported | not yet reported | not yet reported | $142,147 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $13.3M | Matured balloon, non-performing | 6.31% | not yet reported | not yet reported | not yet reported | $69,908 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $13.3M | Matured balloon, non-performing | 6.31% | not yet reported | not yet reported | not yet reported | $72,238 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $13.3M | Current | 6.31% | 1.24 | 1.25 | 100% | $0 | 06-30-2025 | $1.2M | $154,468 | $1.1M | $1.1M |
| November 2025 | $13.3M | Current | 6.31% | 1.24 | 1.25 | 100% | $0 | 06-30-2025 | $1.2M | $154,468 | $1.1M | $1.1M |
| December 2025 | $13.3M | Matured balloon, non-performing | 6.31% | 1.24 | 1.25 | 100% | $69,908 | 06-30-2025 | $1.2M | $154,468 | $1.1M | $1.1M |
| January 2026 | $13.3M | 30-59 days delinquent | 6.31% | 1.20 | 1.21 | 100% | $142,147 | 09-30-2025 | $1.2M | $193,490 | $1.0M | $1.0M |
| February 2026 | $13.3M | Matured balloon, non-performing | 6.31% | 1.20 | 1.21 | 100% | $72,238 | 09-30-2025 | $1.2M | $193,490 | $1.0M | $1.0M |
| March 2026 | $13.3M | 30-59 days delinquent | 6.31% | 1.24 | 1.24 | 100% | $137,486 | 12-31-2025 | $1.2M | $163,663 | $1.1M | $1.1M |
| April 2026 | $13.3M | 30-59 days delinquent | 6.31% | 1.24 | 1.24 | 100% | $137,486 | 12-31-2025 | $1.2M | $163,663 | $1.1M | $1.1M |
| May 2026 | $13.3M | 30-59 days delinquent | 6.31% | not yet reported | not yet reported | not yet reported | $142,147 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $13.3M | Matured balloon, non-performing | 6.31% | not yet reported | not yet reported | not yet reported | $72,238 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $13.3M | Current | 6.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $13.3M | Matured balloon, non-performing | 6.31% | 1.22 | 1.23 | 100% | $72,238 | 06-30-2026 | $1.2M | $180,321 | $1.0M | $1.0M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| July 2024 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.